April, 2019

• 10 April

  US medical devices firm BioTek mulls $1bn sale

  

  Bloomberg BioTek Instruments Inc., a closely held US medical device maker, is exploring options including a sale amid interest from rivals and investment firms, according to people familiar with the matter. BioTek could be valued at about $1 billion in a sale, said the people, asking not to be identified because the matter is private. Health care companies and investment ...

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• 10 April

  Brazil to pay Petrobras $9b in contract settlement

  

  Bloomberg Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the way for Big Oil to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told reporters that compensation for a 2010 contract review will be paid in one settlement, and the resolution will ...

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• 10 April

  Slack value to hit $16bn in pre-listing deals

  

  Bloomberg In the next few months, anyone will be able to buy stock in Slack Technologies Inc. In the meantime, wealthy investors are paying big premiums to snap up shares of the workplace software maker on private markets. Investors are buying stock in some cases for more than double the price of Slack’s last fundraising round in August, which valued ...

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• 10 April

  Canadian home building rebounds from deep freeze

  

  Bloomberg Canada housing starts rebounded in March from a sluggish performance a month earlier, returning to levels more in line with demographics and highlighting the buoyancy of the nation’s battered real estate market. Builders started an annualised 192,527 homes in March, the Canada Mortgage and Housing Corp. reported. That’s up from 166,290 a month earlier, when excessively cold weather slowed ...

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• 10 April

  South Korean leader tries to rescue Trump-Kim talks

  

  Bloomberg A year ago, South Korean President Moon Jae-in was preparing to host Kim Jong-un on the southern side of their fortified border — a historic high-water mark that fuelled talk of a Nobel Peace Prize. Now, he’s heading back to Washington, hoping a direct appeal to US President Donald Trump can keep all that from slipping away. The South ...

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• 10 April

  US sends China signal with warship in disputed sea

  

  Bloomberg The US sent a fighter-jet-carrying warship to join drills near the disputed Scarborough Shoal for the first time, sending a pointed message to China as tensions simmer over territorial claims in the region. The USS Wasp — an amphibious assault ship outfitted last year with F-35B jets — joined the annual Exercise Balikatan with the Philippines this month. A ...

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• 10 April

  EU set to force UK into long Brexit delay in danger for May

  

  Bloomberg Britain’s exit from the European Union looks set to be delayed by as long as a year in a blow for Theresa May that risks a destabilising backlash at home. European Council President Donald Tusk rejected May’s request for a brief postponement to the UK’s membership, saying it would create a “rolling series of short extensions and emergency summits, ...

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• 10 April

  IMF cuts financial life to Maduro

  

  Bloomberg As Nicolas Maduro steps up his search for cash overseas, another door is slamming shut. The International Monetary Fund suspended the Venezuelan leader’s access to almost $400 million of special drawing rights (SDR), citing political chaos since National Assembly President Juan Guaido claimed in January that he was the nation’s rightful leader, said two people familiar with the matter. ...

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• 10 April

  Russia to release jailed US investor before trial

  Bloomberg Russia’s Investigative Committee has requested that Baring Vostok Capital Partners founder Michael Calvey be moved to house arrest after two months in a Moscow jail in a closely watched case that’s shocked investors. Calvey’s next hearing is scheduled for Thursday in Moscow, when the Investigative Committee’s petition will be presented, court spokeswoman Yunona Tsareva said. Three other defendants linked ...

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• 10 April

  Stocks edge higher before Fed minutes; bonds rise

  

  Bloomberg US stocks edged higher, while Treasuries advanced as investors weighed key developments that continue to raise doubts about the strength of the global economy. The S&P 500 clung to a slight gain as an unexpectedly soft inflation reading potentially boosted the Federal Reserve’s new wait-and-see approach to rate hikes. Minutes from the central bank’s last policy meeting when it ...

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